Why gold will go upThis is so simple. I dont get all this talk about a recession and all that bull.
Here is the only thing that counts. Interest rates. when the US government have to pay 5-6% on their debt , the taxes wont cover it. Everyone is maxing out credit cards because they cant stop their bad spending habits,Interest rates will kill us all.
But gold is money at pawn shops and we will use it to pay credit cards by pawning our gold everywhere, Governments will do that too. Pawn shops will have too much gold. One asks who will they sell it to? The chinese and indians, They love physical gold and will buy it and that will create great demand because of availability Not the paper gold cra...p that manipulators play around with.
Mark my word, gold demand will go up because the real stuff will be there available and those gold loving people will become like piranhas feeding on its availability from pawn shops around the world.
Its as simple as that metaphorically,